It indicates the previous week high and low. When overlaid on the daily chart, it give buy and sell signals (in the understanding you have made a trade setup). Buy when the price crosses the previous week high, sell when it crosses the previous week low.
This script plots the previous n day and week highs and lows (previous two days and previous week by default). Here are some additional info about the script behavior: Plots highs and/or lows Plots for days and/or weeks Day highs and lows are shown only on intraday timeframes Week highs and lows are shown only on timeframes < weekly
Hey guys, this script shows monthly, weekly and daily OHLC data represented as horizontal level. I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off. With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left...
The “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk. This indicator gives a picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets. All of the last seven recessions were preceded by a...
Literally the name, just checks if a high or low is a full number or decimal (i.e 100.5) then shows the percentage of full number highs vs percentage of full number lows. I couldn't really find anything useful with it but maybe someone else can
Introduction This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for...
English: This indicator shows the NASDAQ's new highs (green) and new lows (red). Extreme trading days with more than 99 % new highs relative to new lows vice versa are marked via lines (theoretically values) and triangles (breaches). Deutsch: Dieser Indikator zeigt die neuen Hochs (grün) und neuen Tiefs (rot) der NASDAQ. Extreme Handelstage mit mehr als...
English: This indicator shows the NYSE's new highs (green) and new lows (red). Extreme trading days with more than 99 % new highs relative to new lows vice versa are marked via lines (theoretically values) and triangles (breaches). Deutsch: Dieser Indikator zeigt die neuen Hochs (grün) und neuen Tiefs (rot) der NYSE. Extreme Handelstage mit mehr als 99...
modified version of Mike Witts Daily High/Low indicator. This is a simple change that removes the 1-day offset from the indicator.
With this oscillator you can see how higher and lows are developing against each other
created by AutemOx twitter: @joyrider5 reddit: /u/joyrider5 This creates lines at yesterdays open, close, high, and low. It is pretty amazing use of the timenow and dayofweek variables if I say so myself 8)
A small script to track all-time high/low levels. You can create alerts when levels will be updated.
Description: High and Low Envelope channel with median line and 'sigma' offsets to try and encapsulate price flow and quickly locate likely areas of support and resistance on the fly.
Finds gaps. Nuff said Ill make an overlay version
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental